Free Shares Agreement for Joint Venture

1. Introduction

This Shares Agreement ("Agreement") is made and entered into as of [Date], by and between [YOUR COMPANY NAME], whose principal place of business is located at [YOUR COMPANY ADDRESS], and SurePlus, whose principal place of business is located at Orlando, FL 32801. Each party may be referred to individually as a "Party" and collectively as the "Parties."

2. Purpose

The purpose of this Agreement is to define the terms and conditions under which [Party A] and [Party B] will enter into a joint venture for the purpose of [Description of Joint Venture Purpose]. This Agreement outlines the Parties' rights, responsibilities, and obligations with respect to the shares in the joint venture.

3. Definitions

For the purpose of this Agreement, the following terms shall have the meanings ascribed to them below:

• "Joint Venture": the collaborative business enterprise established by the Parties pursuant to this Agreement.

• "Shares": the equity interests owned by the Parties in the Joint Venture.

• "Effective Date": the date upon which this Agreement is executed by both Parties.

4. Capital Contribution

Each Party agrees to contribute capital to the Joint Venture in accordance with the following:

• Party A Contribution: [Specific Contribution Details]

• Party B Contribution: [Specific Contribution Details]

4.1 Additional Capital Contributions

Additional capital contributions may be required and shall be determined by mutual agreement of the Parties.

5. Ownership of Shares

The ownership of Shares in the Joint Venture shall be as follows:

• Party A: [Percentage]%

• Party B: [Percentage]%

6. Management and Control

The management and operational control of the Joint Venture shall be exercised in accordance with the provisions of this Agreement. Decisions regarding the Joint Venture shall be made by a majority vote, unless otherwise specified.

6.1 Board of Directors

A Board of Directors shall be formed comprising representatives from each Party as follows:

• Party A Representatives: [Number of Representatives]

• Party B Representatives: [Number of Representatives]

7. Profit and Loss Distribution

The profits and losses of the Joint Venture shall be allocated among the Parties in proportion to their respective ownership of Shares, unless otherwise agreed upon in writing.

8. Transfer of Shares

Shares in the Joint Venture shall not be transferred, sold, assigned, or otherwise disposed of without the prior written consent of the other Party.

9. Term and Termination

This Agreement shall commence on the Effective Date and shall continue in force until terminated by mutual agreement of the Parties or as specified herein.

9.1 Termination Events

This Agreement may be terminated upon the occurrence of any of the following events:

• Mutual written consent of the Parties.

• Dissolution of the Joint Venture.

• Material breach of this Agreement by either Party.

10. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of [Jurisdiction].

11. Miscellaneous Provisions

This Agreement constitutes the entire agreement between the Parties and supersedes any prior agreements or understandings, whether written or oral.

Signatures

In witness whereof, the Parties hereto have executed this Agreement as of the date first above written.

[YOUR NAME]
Shareholder

Shareholder

Agreement Templates @ Template.net